North Carolina Administrative Code (Last Updated: November 13, 2014) |
TITLE 04. COMMERCE |
CHAPTER 06. CREDIT UNION DIVISION |
SUBCHAPTER C. CREDIT UNIONS |
04 NCAC 06C .0706. DORMANT ACCOUNTS
Latest version.
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After an account is declared dormant and the provisions of the law have been complied with, the Credit Union must transfer the dormant account to accounts payable (N.C. Escheats Fund) and maintain detailed records of such accounts until paid to the N.C. Escheats Fund according to the North Carolina Escheats Law.
History Note: Authority G.S. 54‑109.12;
Eff. February 1, 1976;
Readopted Eff. April 4, 1978;
Amended Eff. October 1, 1982.